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CU System

CU System Briefs (11/19/2013)

SEATTLE, Wash. (11/19/13)--Verity CU announced Friday that current Executive Vice President John Zmolek will become its new president/CEO in the new year. The Seattle-based credit union's board of directors approved unanimously of Zmolek's appointment. "I'm excited to continue Verity's mission of enhancing members' lives through exceptional financial services," Zmolek said. "We have come through the recession in a good position to grow and enhance our products and services." Zmolek first joined Verity as a board member in 1986 and became chief financial officer in 1990. He has also served as the credit union's chief lending officer, its head of information technology, and as president of CU Home Mortgage Solutions, a mortgage services provider to Verity and other credit unions in Washington. Zmolek has also served on the regional board of the Credit Union Executives Council and is involved with a variety of non-profit organizations. Incumbent CEO William Hayes is retiring on Dec. 31, after serving the credit union for 34 years ...

VANDALIA, Ohio (11/19/13)--Abbey CU President/CEO Lynn Cook announced Monday that she will retire at the end of March (Dayton Business Journal Online Nov. 18). The credit union's board said it will soon launch a search for a replacement. Abbey is the 11th largest credit union in the Dayton, Ohio region by deposit market share. Based here, it has $82 million in assets and operates three branches. "It is never an easy decision to retire," Cook said. "I just hope my guidance and management decisions have brought a great deal of value to our community, families and the members of Abbey CU over the years." She has served Abbey for 21 years ...